IHS Chemical Week

Petchem prices reach their peak

11:27 AM MDT | April 29, 2013 | Lindsay Frost

After several soft weeks, petrochemical prices seem to have reached a plateau, market watchers say. Spot naphtha in northwest Europe rebounded slightly with a gain of $20/m.t. That had the effect of stopping the flow for spot olefins in Europe. Sellers report business becalmed, with no interest among buyers. May contract discussions have not yet begun, but prices are expected to...

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